Zomato to make stock market debut on Friday, four days ahead of schedule

Zomato's listing was initially scheduled for July 27. However, investment banks managed to complete share allotment and listing formalities ahead of deadline

India’s first unicorn Zomato will make its stock market debut on Friday, marking a historic moment for the domestic capital market.

As per initial schedule, Zomato’s listing was to take place on July 27. However, investment banks managed to complete the share allotment and listing formalities ahead of the deadline. Under the Sebi framework, the timeline between IPO closing and listing has to be six working days. Zomato’s IPO had closed on July 16.

The stock is expected to do well going by the huge demand generated in its IPO. Zomato’s public offering had seen nearly 40 times more demand